JSE-listed technology services group Business Connexion (BCX), currently the subject of a takeover by Telkom, has reported normalised headline earnings per share of 39,8c for the year ended 31 August 2014, down from 45,1c in the 2013 financial year. Normalised gross margins fell only slightly, from
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Telkom has denied that it is underinvesting in its network after the company revealed on Monday that its capital expenditure in the six months to 30 September 2014 fell sharply, with capex-to-revenue coming in well below guidance provided previously. This fall in capex prompted analysts on Monday
Telkom and DStv parent MultiChoice have reached an agreement in terms of which subscribers to the telecommunications operator’s Telkom Internet ISP will get a “free”, Internet-connected high-end Explora personal video recorder (PVR) decoder. Under the promotion, which will run for six months from 23 November
The number of Telkom fixed lines in service has fallen by almost 5% in the past 12 months, dropping to just 3,5m, from 3,7m a year ago, the telecommunications operator said on Monday. At the same time, however, Telkom has recorded a 7,4% increase in the number of broadband digital subscriber
In the past 20 years, Telkom has lost almost every aspect of the absolute monopoly it once held over South African telecommunications. First, it lost its supremacy over voice communication as cellular rivals challenged it for dominance and won. Today, the cellular operators carry the vast majority of
Telkom has abandoned plans, at least in the short term, to deploy fibre to the home in Parkview and Parkhurst after the residents’ associations of the two suburbs chose rival telecommunications providers Vumatel and Dark Fibre Africa to build home fibre
In a significant development, MTN has lodged objections at both communications regulator Icasa and the Competition Commission against Vodacom’s proposed R7bn acquisition of Neotel, putting a potentially big hurdle in the way of the conclusion of the deal. TechCentral has established that
In a move that could rattle its competitors’ cages, Telkom has launched a new package, called Unlimited Lite, offering customers unlimited calls to fixed-line networks and to its own mobile network for R599/month. Unlimited Lite is a “lighter version” of Telkom’s Completely Unlimited plan. Unlimited Lite packages are
Telkom has warned that its services in some areas are now being affected by the problems at Eskom. “Telkom services are being impacted by Eskom’s nationwide load-shedding schedule. Depending on the duration of load shedding
In the six months from April to September, Telkom budgeted to spend R234m after tax paying for retrenchments and voluntary severance and retirement packages as it looks to cut costs in an increasingly competitive telecommunications